Matching trading strategies with unusual market conditions can yield extreme profits. This trading system attempts to capture instruments that are going through a hyperactive impulsive phase. Buy using Renko levels from the Daily timeframe I present a profitable trading system, give it a Traderโs Landing Score, and share 6 optimization tips to make this complete strategy more effective.
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โฑ๏ธ Timestamps โโโฑ๏ธ
00:00 – Start
00:39 – Indicators
02:21 – Long Examples
03:06 – Short Examples
04:44 – Testing Results & Equity Curve
06:08 – Traderโs Landing Score
06:28 – Optimization
โ๏ธ System Specifics โ๏ธ
๐ System Name: Renko Flow
๐ Traderโs Landing Score: 8
๐น Instrument: Bitcoin / Ethereum (BTC/ETH)
โ Time Frame: 1-Hour (H1)
๐ TradingView Indicators
Name: Renko Levels
Inputs: Default
Style: Remove both shapes, SMA, SMACurTF
By: mongolor
Link: https://www.tradingview.com/v/YcKMhRqI/
โ๏ธ Long Entry
๐ Short Entry
๐ฅ Risk to Reward: 1:2
๐ Where to place stop-loss:
For Longs: 1 Renko level below for half the position, 2 Renko levels below for the other half.
For Shorts: 1 Renko level above for half the position, 2 Renko levels below for the other half.
๐ Where to take profits: 1:2